The aim of this study is to investigate the causal relationship between saving gap, energy gap and economic growth in Turkey. For this purpose, there is used annual data covering the period of 1975-2017 for Turkey. Causal relationship between economic growth and saving gap, energy gap is tested with using Vector Error Correction Model (VECM) and Granger Causality Analysis. Empirical findings of the study should be examined in two groups. Firstly, it is observed that there is a bidirectional causality between energy gap and economic growth both in the short and long term. Secondly, it is also observed that there is a one-way causality from saving gap toward economic growth in the short term but bidirectional causality between the saving gap and economic growth in the long term.
The aim of this study is to investigate the causal relationship between saving gap, energy gap and economic growth in Turkey. For this purpose, there is used annual data covering the period of 1975-2017 for Turkey. Causal relationship between economic growth and saving gap, energy gap is tested with using Vector Error Correction Model (VECM) and Granger Causality Analysis. Empirical findings of the study should be examined in two groups. Firstly, it is observed that there is a bidirectional causality between energy gap and economic growth both in the short and long term. Secondly, it is also observed that there is a one-way causality from saving gap toward economic growth in the short term but bidirectional causality between the saving gap and economic growth in the long term.
Alan : Ziraat, Orman ve Su Ürünleri; Spor Bilimleri
Dergi Türü : Uluslararası
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